HealthCare Global Enterprises (BOM:539787) Days Sales Outstanding : 54.39 (As of Mar. 2024)

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What is HealthCare Global Enterprises Days Sales Outstanding?

HealthCare Global Enterprises's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,940 Mil. HealthCare Global Enterprises's Revenue for the three months ended in Mar. 2024 was ₹4,933 Mil. Hence, HealthCare Global Enterprises's Days Sales Outstanding for the three months ended in Mar. 2024 was 54.39.

The historical rank and industry rank for HealthCare Global Enterprises's Days Sales Outstanding or its related term are showing as below:

BOM:539787' s Days Sales Outstanding Range Over the Past 10 Years
Min: 38.84 Med: 53.75 Max: 67.67
Current: 59.28

During the past 10 years, HealthCare Global Enterprises's highest Days Sales Outstanding was 67.67. The lowest was 38.84. And the median was 53.75.

BOM:539787's Days Sales Outstanding is ranked worse than
63.58% of 648 companies
in the Healthcare Providers & Services industry
Industry Median: 47.14 vs BOM:539787: 59.28

HealthCare Global Enterprises's Days Sales Outstanding declined from Mar. 2023 (62.60) to Mar. 2024 (54.39).

HealthCare Global Enterprises Days Sales Outstanding Historical Data

The historical data trend for HealthCare Global Enterprises's Days Sales Outstanding can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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HealthCare Global Enterprises Days Sales Outstanding Chart

HealthCare Global Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Sales Outstanding

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57.85

67.67

53.31

56.10

57.06

HealthCare Global Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															62.60	60.05	62.54	64.81	54.39

Competitive Comparison of HealthCare Global Enterprises's Days Sales Outstanding

For the Medical Care Facilities subindustry, HealthCare Global Enterprises's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

HealthCare Global Enterprises's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, HealthCare Global Enterprises's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where HealthCare Global Enterprises's Days Sales Outstanding falls into.

HealthCare Global Enterprises Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

HealthCare Global Enterprises's Days Sales Outstanding for the fiscal year that ended in Mar. 2024 is calculated as

	Days Sales Outstanding (A: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (3025.11	+	2940.3)	/	2 )	/	19078.7	*	365
=	2982.705					/	19078.7	*	365
=	57.06

HealthCare Global Enterprises's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (0	+	2940.3)	/	1 )	/	4932.5	*	365 / 4
=	2940.3					/	4932.5	*	365 / 4
=	54.39

HealthCare Global Enterprises (BOM:539787) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

HealthCare Global Enterprises Days Sales Outstanding Related Terms

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HealthCare Global Enterprises (BOM:539787) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HealthCare Global Enterprises Ltd (BOM:539787) » Definitions » Days Sales Outstanding

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HCG:India

Address

Mission Road, No. 3, Ground Floor, Tower Block, Unity Building Complex, Bengaluru, KA, IND, 560027

Website

https://www.hcgoncology.com

HealthCare Global Enterprises Ltd is an Indian company specializing in cancer care services. The company also operates fertility clinics, multi-specialty hospitals providing cardiology, neurology, orthopedics, gastroenterology, urology, pulmonary and critical care services. It operates under the Medical and Healthcare Services segment. The company's offerings include labs, diagnostic centers, robotic surgery, bone marrow transplantation, home health services, liver transplantation, surgical oncology, preventive oncology, and radiation oncology. Majority of the revenue is derived from the medical services offered to patients. The company derives the majority of its revenue from India.

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